Asia bankers quit Wall St jobs for corporate roles

AT LEAST HALF a dozen senior dealmakers at global investment banks in Asia have resigned to join corporate roles as the region’s volatile bonus cycle drives a talent shift toward less cyclical industries.

- BLOOMBERG

The departures include three JPMorgan Chase & Co. bankers: Virginia Zhang, a managing director in energy investment banking, and executive directors Lingling Chen and Jeff Zhou from the China team, according to people familiar with the matter. All three are moving to corporate positions, the people said, asking not to be identified before their new employers make official announcements.

Horace Liang, a managing director within Citigroup Inc’s mergers and acquisitions team, also recently resigned to join a technology firm, the people said.